Common use of Exclusive Jurisdiction Clause in Contracts

Exclusive Jurisdiction. Each party to this Agreement and each person beneficially owning a beneficial interest in the Trust, to the fullest extent permitted by law, including Section 3804(e) of the Statutory Trust Act, (i) irrevocably agrees that any claims, suits, actions or proceedings arising out of or relating in any way to the Trust or its business and affairs, the Statutory Trust Act or this Agreement, including, without limitation, any claims, suits, actions or proceedings to interpret, apply or enforce the provisions of this Agreement, will be exclusively brought in the courts of the State of Delaware or the State of New York and (ii) irrevocably submits to the exclusive jurisdiction of such courts in connection with any such claim, suit, action or proceeding.

Appears in 66 contracts

Samples: Trust Agreement (Toyota Auto Receivables 2019-D Owner Trust), Trust Agreement (Toyota Auto Receivables 2023-a Owner Trust), Trust Agreement (Toyota Auto Receivables 2020-B Owner Trust)

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